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822Full relief

(1)    This section applies if the individual's total foster-care receipts for the period of account do not exceed the individual's relevant limit for the period.

(2)    The profits or losses of the trade for the tax year are treated as nil.

NOTES
Initial Commencement
Specified date

This Act comes into force on 6 April 2005 and has effect, for the purposes of income tax for the year 2005–06 and subsequent tax years, and for the purposes of corporation tax for accounting periods ending after 5 April 2005: see s 883; for transitional provisions and savings see Sch 2 hereto.
Income Tax Allowances, Deductions & Reliefs93 Company Law & Business Entities92 Personal Taxes93 Companies & Corporate Bodies92 Income Tax93 Trading Income93 Tax Law93

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